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People judge currencies by utility and future expected value. Developing economies have far more reason to use bitcoin than developed ones, but that shouldn't m
by natrius 12y ago
People judge currencies by utility and future expected value. Developing economies have far more reason to use bitcoin than developed ones, but that shouldn't make it any less attractive. My paycheck is in dollars, but that doesn't mean I have an incentive for dollars to be worth more when compared to bitcoins. I can easily exchange between the two based on my view on their utilities and future expected values.
If Bitcoin is legal, easy, and cheap to use in developed economies, it doesn't matter where it starts being the most useful. It will spread everywhere.